Can I retire at age 65 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$792,759$785,698$778,808$772,084$765,517$747,315
2 years$392,455$385,146$378,062$371,194$364,532$346,300
3 years$259,038$251,697$244,631$237,828$231,274$213,582
4 years$192,342$185,024$178,029$171,341$164,947$147,930
5 years$152,335$145,061$138,158$131,607$125,390$109,097
6 years$125,673$118,453$111,652$105,247$99,217$83,664
7 years$106,636$99,477$92,783$86,529$80,690$65,880
8 years$92,364$85,270$78,688$72,587$66,940$52,867
9 years$81,270$74,243$67,774$61,828$56,373$43,025
10 years$72,400$65,441$59,087$53,297$48,033$35,395
11 years$65,147$58,259$52,019$46,384$41,310$29,364
12 years$59,108$52,290$46,165$40,685$35,798$24,526
13 years$54,001$47,255$41,246$35,919$31,217$20,596
14 years$49,628$42,953$37,060$31,885$27,364$17,372
15 years$45,842$39,239$33,460$28,435$24,094$14,707
16 years$42,532$36,001$30,336$25,461$21,294$12,488
17 years$39,614$33,155$27,605$22,876$18,881$10,631
18 years$37,024$30,637$25,200$20,616$16,788$9,069
19 years$34,708$28,394$23,069$18,629$14,963$7,750
20 years$32,627$26,385$21,172$16,872$13,366$6,633
21 years$30,747$24,577$19,474$15,312$11,961$5,685
22 years$29,040$22,941$17,948$13,922$10,721$4,877
23 years$27,483$21,457$16,572$12,679$9,624$4,188
24 years$26,059$20,104$15,326$11,564$8,650$3,599
25 years$24,750$18,866$14,195$10,561$7,784$3,095
26 years$23,544$17,731$13,165$9,657$7,011$2,663
27 years$22,430$16,687$12,225$8,839$6,321$2,293
28 years$21,396$15,724$11,365$8,098$5,704$1,975
29 years$20,436$14,834$10,576$7,426$5,150$1,701
30 years$19,541$14,009$9,851$6,816$4,654$1,466
31 years$18,706$13,243$9,184$6,260$4,207$1,264
32 years$17,925$12,531$8,569$5,753$3,806$1,090
33 years$17,192$11,867$8,001$5,290$3,444$940
34 years$16,504$11,247$7,475$4,867$3,118$811
35 years$15,857$10,668$6,989$4,481$2,825$700
36 years$15,247$10,125$6,538$4,127$2,559$604
37 years$14,671$9,617$6,119$3,802$2,319$521
38 years$14,127$9,139$5,731$3,504$2,103$450
39 years$13,613$8,690$5,369$3,231$1,907$388
40 years$13,125$8,268$5,032$2,980$1,730$335
41 years$12,662$7,871$4,719$2,750$1,569$289
42 years$12,222$7,496$4,426$2,538$1,424$250
43 years$11,804$7,142$4,153$2,343$1,292$216
44 years$11,406$6,808$3,899$2,163$1,173$186
45 years$11,027$6,492$3,661$1,998$1,065$161
46 years$10,665$6,193$3,438$1,845$967$139
47 years$10,320$5,910$3,230$1,705$878$120
48 years$9,990$5,642$3,036$1,575$797$103
49 years$9,675$5,388$2,853$1,456$724$89
50 years$9,373$5,146$2,682$1,346$658$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $9,600,000, adding $6,815 every year, while hoping to spend $41,466 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/36/9 Blend
64$9,600,000$9,600,000$9,600,000$9,600,000
65$10,586,230$10,077,430$9,928,630$11,144,926
66$11,621,906$10,527,104$10,217,119$11,973,224
67$12,761,831$10,997,423$10,513,883$12,869,454
68$14,016,595$11,489,354$10,819,156$13,844,245
69$15,397,866$12,003,911$11,133,176$14,905,072
70$16,918,501$12,542,156$11,456,191$16,060,155
71$18,592,668$13,105,201$11,788,453$17,318,522
72$20,435,977$13,694,213$12,130,223$18,690,100
73$22,465,630$14,310,412$12,481,769$20,185,802
74$24,700,581$14,955,079$12,843,364$21,817,624
75$27,161,715$15,629,553$13,215,292$23,598,757
76$29,872,048$16,335,239$13,597,842$25,543,709
77$32,856,940$17,073,609$13,991,313$27,668,434
78$36,144,336$17,846,203$14,396,010$29,990,480
79$39,765,029$18,654,639$14,812,247$32,529,151
80$43,752,954$19,500,608$15,240,350$35,305,684
81$48,145,502$20,385,884$15,680,648$38,343,442
82$52,983,876$21,312,326$16,133,483$41,668,132
83$58,313,482$22,281,880$16,599,205$45,308,043
84$64,184,353$23,296,588$17,078,174$49,294,305
85$70,651,625$24,358,589$17,570,760$53,661,176
86$77,776,052$25,470,121$18,077,343$58,446,363
87$85,624,588$26,633,535$18,598,312$63,691,368
88$94,271,008$27,851,290$19,134,067$69,441,874
89$103,796,613$29,125,966$19,685,021$75,748,170
90$114,290,994$30,460,265$20,251,596$82,665,617
91$125,852,876$31,857,019$20,834,225$90,255,161
92$138,591,053$33,319,196$21,433,355$98,583,906
93$152,625,411$34,849,907$22,049,443$107,725,733
94$168,088,062$36,452,412$22,682,959$117,761,989
95$185,124,592$38,130,128$23,334,386$128,782,249
96$203,895,432$39,886,636$24,004,219$140,885,150
97$224,577,374$41,725,689$24,692,968$154,179,309
98$247,365,239$43,651,221$25,401,155$168,784,343
99$272,473,717$45,667,354$26,129,318$184,831,982
100$300,139,392$47,778,410$26,878,006$202,467,303